(Ecofin Agency) - Congo is set on developing a platform interconnecting financial, microfinance and credit institutions in order to secure the 1% tax on electronic transactions provided by the 2019 finance bill.

Baptized hub digital, the platform should let the government trace all the electronic transactions made within the country and avoid inaccurate figures by automating the tax collection.

On March 11, 2019, Léon Juste Ibombo (photo), the country’s minister of IT and digital economy, presided the first meeting of the interministerial committee of that project.

During the meeting, the practical arrangements for the implementation of this project were made. Léon Juste Ibombo indicated that the successful development of the hub digital "requires three measures : the deployment of technical services to install the platform with our own fund, the realisation of an index of the fund transfers by the Funds’ regulator (ARTF) and the collection by the state.”

The official reveals that thanks to the future platform, the public treasury could collect about 11 billion CFA Francs each year. Those funds can then contribute to development.